EU Competition Commissioner Margrethe Vestager said breaking up social media giant Facebook would be a last resort, according to a report by Reuters. Vestager made her comments on Friday, May 17, at the VivaTech technology conference in Paris, after being asked about the subject following US politicians and a Facebook co-founder speaking out in favor […]
Facebook could face two decades of oversight as part of an agreement with the US government. According to a report in Reuters citing a source knowledgeable about the discussions, the agreement, if reached with the Federal Trade Commission, would end an inquiry into whether or not Facebook violated a privacy consent order inked back in […]
Two US senators on Monday, May 6, criticized reported plans for a Federal Trade Commission (FTC) settlement with Facebook Inc for misuse of consumers’ personal data, saying that top officials, potentially including founder Mark Zuckerberg, must be held personally responsible, reported Reuters. In a letter to the FTC, Senators Richard Blumenthal, a Democrat, and Josh […]
Facebook is in discussions with the Federal Trade Commission over a settlement that would include appointing privacy-focused executives in the C-suite. Politico, citing sources close to the discussions, reported the appointment of privacy executives would be in addition to the social media giant paying a multibillion-dollar fine that could be in the $3 billion to […]
New York’s attorney general is launching an investigation into Facebook after it was reported last week that the company had scraped the email contacts of 1.5 million users without their consent, reported The Hill. “It is time Facebook is held accountable for how it handles consumers’ personal information,” state Attorney General Letitia James said in […]
Facebook said it expects a fine of up to $5 billion from the Federal Trade Commission, which is investigating whether the social network violated its users’ privacy. The company set aside $3 billion in its quarterly earnings report Wednesday as a contingency against the possible penalty but noted that the “matter remains unresolved.” The one-time […]
Facebook announced on Monday that it’s bringing in a new general counsel and vice president of communications as it tries to rebuild its image following a year filled with scandals. The company said Jennifer Newstead, the legal adviser to the US State Department, is joining the company as its general counsel, replacing Colin Stretch, who […]
The European Commission and EU Member States have negotiated a change to the terms of providing services by Facebook. There was doubt about the lack of clear information about how Facebook uses personal data of its users, and the rules concerning the company’s liability. On Thursday, April 11, the European Commission announced the effect of […]
From Facebook posts to The Washington Post. The big tech landscape is one that continues to be populated by regulators, by disparate voices calling for more oversight, more laws, more mandates spelling out what is private and what is not. To the growing chorus … add Facebook. CEO Mark Zuckerberg wrote in blog posts and […]
The US Federal Trade Commission (FTC) is gearing up to hold talks with state attorneys general about Facebook and Google’s position in the technology space. According to a report in Bloomberg citing Louisiana Attorney General Jeff Landry, the meeting had been slated for this week but will be rescheduled. It’s common for states to work […]